dfcu bank’s Annette Kiconco (2nd Left) joined representatives from Vision Group, The Embassy of the Netherlands in Uganda, KLM Airlines and Koudjis to launched the 9th edition of the Best Farmers Competition dfcu Bank, in partnership with Vision Group, The Embassy of the Netherlands, KLM Airlines, and Koudjis Nutrition BV, has launched the 9th edition
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URA Commissioner General, John R. Musinguzi Uganda Revenue Authority (URA) has explained why the Electronic Fiscal Reporting and Invoicing Solution (EFRIS) benefits both businesses and the Government. “It is important to note that EFRIS is not an additional tax but a mechanism for real-time monitoring of business transactions, aimed to enhance
Read MoreBoU Deputy Governor, Michael Atingi-Ego (Centre) addressing the press/file photo The Bank of Uganda (BoU) has increased the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, to 10.25%, up from 10%. On March 6, 2024, BoU held a Special Monetary Policy Committee meeting where the CBR was
Read MoreURA Commissioner General, John R. Musinguzi The Uganda Revenue Authority (URA) Commissioner General, John R. Musinguzi, has revealed that the tax body is doing everything possible not only to collect tax revenue, but also facilitate trade and businesses. "We agree that whereas we collect taxes, we are also here to facilitate trade and
Read MoreQ&A: We Are More Focused Than Ever To Win Big Market Share By Prioritizing 8 Key Sectors -dfcu Bank CEO
Charles M. Mudiwa, the Chief Executive Officer, dfcu Bank dfcu bank has announced its audited financial results for the year ended 31st December 2023, indicating a growth in customer numbers, transaction volumes, fees and commissions. The results show that dfcu bank recorded a net profit of Shs34.03bn in 2023, up from Shs30.64bn
Read MoreCharles M. Mudiwa, the Chief Executive Officer at dfcu Bank dfcu Limited has announced its audited financial results for the year ended 31 December 2023, indicating a growth in customer numbers, transaction volumes, fees and commissions. The results show that dfcu bank, the Group’s trading entity, recorded a net profit
Read MoreThree Banks Fail To Raise Shs150bn Minimum Capital Requirement, Forced To Downgrade & Drop Some Products
Three commercial banks including ABC Capital Bank (U) Ltd, Opportunity Bank and Guaranty Trust Bank (U) Ltd have failed to meet Bank of Uganda’s minimum capital requirement of Shs150bn. It should be noted that a few years ago, the Bank of Uganda increased the paid up capital of commercial banks to
Read MoreTraders listening to URA Commissioner General, John R. Musinguzi The Uganda Revenue Authority (URA) has met with traders from the Kampala Central Business District to discuss the implementation of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS). The meeting which took place at UMA Show Grounds follows concerns from traders
Read MoreUganda is increasingly earning big from coffee exports Uganda’s coffee exports in February 2024 amounted to 434,582 60-kilo bags, worth US$ 82.56 million (Shs319.8bn). According to Uganda Coffee Development Authority monthly report for February 2024, this comprised of 372,407 bags of Robusta valued at US $ 68.58 million and 62,175
Read MoreCentral, Western Regions Eat Big From Agricultural Credit Facility As Shs860bn Is Disbursed
The Central and Western regions are the largest beneficiaries of the Agricultural Credit Facility(ACF) loans, the Bank of Uganda (BoU), has revealed. Launched in 2009, the ACF aims to promote value addition in the agricultural sector by providing affordable medium- and long-term loans. “The ACF has achieved significant success, with cumulative
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